There Will Be Multi-Billion Dollar Open Source Companies

Glyn Moody has a highly interesting post out today, where he asks the question, “Why No Billion-Dollar Open Source Companies?” The post follows a meeting that Moody had with Jim Whitehurst, the CEO of Red Hat.

Whitehurst, of course, has done a good job of steering one of best capitalized and most successful open source companies, and one of the only public U.S. companies still squarely focused on open source now that Sun Microsystems has been swallowed up by Oracle. Whitehurst made the comment to Moody that for Red Hat to become a $5 billion company it would have to be “replacing $50 billion of revenue” currently enjoyed by other computer companies. What does that mean?

Read more at OSTATIC

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